Schlagwort: crypto business

Veröffentlicht am

Highlights: Cryptos show correction, Wall Street’s worst quarter in 2 years

The crypto market as a whole was lower over the past 24 hours. All top 10 cryptos either registered declines or were seen flat at the time of writing.

US markets closed yesterday with the worst quarterly performance in two years. All three major indices were down sharply in the session with the SPX500 falling 1.32%, while the DJ30 was down 1.25% and the NASDAQ100 off 1.29%.

US President Joe Biden has announced an unprecedented US Government intervention in the oil market. It plans to release 180 million barrels of oil to the market over six months.

Top cryptos

Bitcoin fell nearly 5% since yesterday, while BNB, Cardano and Avalanche each declined more than 5%. XRP lost almost 6%.

Shiba Inu and Polkadot are the biggest losers in the top 20, down around 8% at the time of writing.

Top movers

The situation in the top 100 was similar, with most coins losing 6-9% of their value in the last 24 hours. Neo and Gala each lost 10%. Chiliz and IoTeX each lost 12%, reversing yesterday’s gains.  

At the other end, Waves is among the few winners, up more than 9% today. Fantom, which announced a $480 million grant program yesterday, gained 3%.

Zilliqa is also up 3%. It has been rallying as the launch of its metaverse approaches. SKALE Network, which is becoming increasingly attractive to developers, added 5% to its value.

The biggest mover by far is STEPN with gains of 49%. The value of GMT, its native coin, has been rising steadily since the beginning of March 2022, when it was listed on Binance.

It is surging on news of a major, but unrevealed upcoming partnership between STEPN and an unknown entity, believed to be Binance.

Trending

The top gainer today is Dotmoovs (MOOV), which is up 222% in the last 24 hours. It is a remote peer-to-peer sports competition platform that promises to revolutionise the way people see athletic performance.

The platform claims to have developed an AI algorithm that enables them to forecast sports tricks and movements through a video taken with a smartphone.

The post Highlights: Cryptos show correction, Wall Street’s worst quarter in 2 years appeared first on Coin Journal.

Veröffentlicht am

vEmpire DDAO introduces staking in ApeCoin

vEmpire DDAO, the global NFT investment organization, GameFi platform, and metaverse, has introduced staking for the ApeCoin cryptocurrency. The yield on staking starts in triple digits, CoinJournal learned from a press release.

Growing the number and range of use cases

Previously, ApeCoin could only be used for purposes related to governance, giving holders the right to vote on ApeCoin ecosystem fund distribution and allowing them a say in matters related to the ApeCoin DAO.

Now that an APE staking pool has been launched, ApeCoin holders can earn interest while obtaining greater exposure to the ecosystem throughout the year.

Rendering holdings productive

With each APE staked, vEmpire will buy additional assets based on APE and play games within the ApeCoin ecosystem. This will make investors’ APE holdings productive, enabling them to generate passive income.

vEmpire CEO Dominic Ryder said:  

Enabling our community to stake $APE is something that we believe will be groundbreaking. It enables investors to earn financial rewards on their $APE holdings in ways that even ApeCoin doesn’t have native functionality for. This will help contribute to making the investment in Metaverse assets more accessible, rewarding, and productive. The launch of the ApeCoin itself is revolutionary. However, being able to earn passive income on the ApeCoin before most others in the industry is what we believe will attract investors the most. vEmpire is committed to offering the best investment opportunities to not only our community but the wider Metaverse & NFT communities too. This is just one of many more exciting staking pools coming this year.  

About ApeCoin

ApeCoin is an ERC-20 utility and governance token deployed within the wider ApeCoin ecosystem, which has undergone huge growth since its launch on March 17. The coin quickly soared to #45 by market cap.

At the time of writing, APE was trading for $12.82 with a 24-hour trading volume of $842 million. ApeCoin is down 7.49% today.  

 

The post vEmpire DDAO introduces staking in ApeCoin appeared first on Coin Journal.

Veröffentlicht am

Skale Network token flies into top 100: top places to buy SKL

Skale Network’s token SKL rallied yesterday, entering the top 100 crypto coins by market cap. It currently ranks 89th and has added more than a fifth to its value today.

One reason is increased interest in the blockchain from developers. Yesterday, Skale announced that CLET Name Service would be launching on the platform.

Look no further than this short article for all the details on SKL: what it is, is it worth investing in, and the best places to buy SKL.

Top places to buy SKL now

As SKL is such a new asset, it’s yet to be listed on major exchanges. You can still purchase SKL using a DEX (decentralised exchange) though, which just means there are a few extra steps. To buy SKL right now, follow these steps:

1. Buy ETH on a regulated exchange or broker, like eToro ›

We suggest eToro because it’s one of the world’s leading multi-asset trading platforms, an exchange and wallet all-in-one with some of the lowest fees in the industry. It’s also beginner-friendly, and has more payment methods available to users than any other available service.

2. Send your ETH to a compatible wallet like Trust Wallet or MetaMask

You’ll need to create your wallet, grab your address, and send your coins there.

3. Connect your wallet to the Uniswap DEX

Head to Uniswap, and ‚connect‘ your wallet to it.

4. You can now swap your ETH for SKL

Now that you’re connected, you’ll be able to swap for 100s of coins including SKL.

What is SKL?

SKALE describes itself as an elastic ecosystem aiming to improve Ethereum scalability. It also intends to reduce payment costs and latency and boost transaction capacity.

The project wants to make building and running dApps possible in a decentralized modular cloud that can be tailored to individual, real-world requirements. It also places an emphasis on security.

Developers building on SKL can perform Solidity smart contracts multiple times faster at a fraction of the cost on the Ethereum Mainnet. Some content streaming services and games are already taking advantage.  

Should I buy SKL today?

Nothing can substitute doing your own research. Any investment decision you make should be based on your market expertise, your attitude to risk, and the features and spread of your portfolio. Also consider how you would feel about losing money.  

SKL price prediction

CryptoNewsz makes a positive short-term prediction. SKL will go up to at least $0.42 this year. The minimum price of SKALE Network’s token in 2023 is expected to be $0.50. The maximum SKL price is anticipated at $0.57 next year.

SKL on social media

The post Skale Network token flies into top 100: top places to buy SKL appeared first on Coin Journal.

Veröffentlicht am

Hunting for microcaps? Top 3 coins with less than $50 million in market cap

One of the best strategies to grow your capital from crypto would be to find low-cap coins that have so much potential. Coins below the $50 million mark in market capitalization are in particular, quite good and here is why:

  • Microcap coins tend to have so much room to expand

  • Demand for promising microcaps will always be high among investors

  • Small-cap projects tend to be new and often under the radar

So, if you are looking for the next big project with a small market cap today, we have listed three coins below that you can consider:

Numbers Protocol (NUM)

It seems like in recent years, everything has been going toward the blockchain. But very few projects have come up to create a decentralized photo network where artist and creators can share their work securely. 

Data Source: Tradingview 

The Numbers Protocol (NUM) is trying to address this problem by providing the infrastructure needed. With the increased popularity of NFTs, NUM could see major gains and its market cap remains at just $38 million.

Gods Unchained (GOD)

GameFi is also one area of the blockchain industry that is worth looking at. There have been many games, some of which have gone on to make huge money. Gods Unchained (GOD) appears to have that kind of potential. It’s a free-to-play card game that allows users to earn crypto rewards in the process. The project has a market cap of $35 million.

Cream Finance (CREAM)

Cream Finance (CREAM) is a lending protocol designed to offer crypto-backed loans to people around the world. There are many lending protocols of course but CREAM is trying to offer users better terms and easy access to collateralized loans. With a market cap of just $14 million, you could unlock a lot of future potential with this coin.

The post Hunting for microcaps? Top 3 coins with less than $50 million in market cap appeared first on Coin Journal.

Veröffentlicht am

Looking to 10x your money in crypto? Top coins to consider

There have been stories in crypto where people have gone from rags to riches in literally months. Shiba Inu for example was one coin that astonished everyone in 2021 with unimaginable growth. For this reason, a lot of investors are always looking for the next big coin that will deliver 10x or more in growth. Here is what to look for in case you want such projects:

  • Always focus on microcaps that have smaller valuations in the market.

  • You must be first or among the first people to invest in that asset.

  • Always analyze the underlying business behind a coin before you buy.

Well, we have done some research on these coins and came up with a list of assets we think have the potential to 10x in the near term. Here they are:

Highstreet (HIGH)

The rise of the metaverse will be the next big thing in crypto. As we speak, a lot of money is flowing towards metaverse projects, and the few metaverse coins we have in the market are seeing strong growth. 

Data Source: Tradingview 

Highstreet (HIGH) however offers the incredible promise of outstanding returns. The coin combines virtual reality, NFTs, and gaming in one large metaverse. When you consider that HIGH has a market cap of $89 million, it could easily grow 10x in no time.

Base Protocol (BASE)

For example, let’s say you want to speculate on crypto without having to buy many coins; what do you do? Well, Base Protocol (BASE) allows you to get that option. This is a coin that is pegged on the overall market cap of the crypto industry at a rate of 1:1 trillion. 

Considering that it has a market cap of around $1.5 million, there is just something raw about this coin that could explode massively in the future. BASE is a short to medium-term asset worth your shot.

The post Looking to 10x your money in crypto? Top coins to consider appeared first on Coin Journal.